Author: pullinen

Pullinen Property Group / Articles posted by pullinen (Page 3)

The Future Of Data Centres

Data centres in various shapes and sizes have been around for decades. They used to be stand-alone buildings built for specific end users, in particular the banks. Then in the 90’s and 00’s the next gen arrived - IBM, Optus and ASX to name a...

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Should We Refurbish Instead?

As the office markets turn and vacancy climbs, the better buildings slowly lease up and the lesser quality buildings struggle. Like clockwork the narrative turns to repurposing the buildings that are struggling to other uses. But is this real and is this the answer? Repurposing works when...

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Adapting the Gartner Hype Cycle

At the first CoreNet CREtech panel discussion in 2017 we presented the Gartner Hype Cycle relative to CRE and technology. At that point, 6 years ago, the industry buzz word was “disruption”. The Gartner Hype Cycle is a graphic representation of the maturity lifecycle of new...

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ESG and Market Availability

CRE tenants consider ESG in varying degrees when making new office decisions. The biggest tenants consider it more than the local small business for 2 main reasons; resources and the cost. The good thing is that it is not out of reach as the below shows. We...

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Repurposing Commercial Real Estate

High office vacancy rates around the world have everyone talking about what to do with older and more obsolete office buildings. Recently Carter Jonas (agency) reported that “close to 20% of UK offices are likely to be unlettable to the majority of occupiers with investment because...

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The Office Market Accordion Keeps Playing

The office market accordion keeps playing, and Adelaide is a good example. The recent JLL graph below for the Adelaide office market highlights that competitive rents and incentives have enticed some tenants back to the CBD over the last few years. Demand has been positive...

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Subleasing Takes Time

At the onset of the pandemic predictions of massive office subleasing swirled throughout the office markets as many occupiers quickly contemplated putting a lot of sublease space on the market. Some did. In the back half of 2020, expert forecasts during the Corenet Global State of...

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AI and Office Space Demand

Back from the TCN worldwide Principals conference in Chicago with a headful of insights into the US office markets and how they are faring. Amongst many topics, AI and the effect on office space demand was the one that perplexed us the most. Why? Because it...

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What’s Happening Overseas?

This week we are off to Chicago for the annual TCN Worldwide Fall Principal’s Conference. It’s a real privilege to be part of such a dynamic and fun group of fellow Principals. We get to catch up on a personal and professional level and learn...

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The Office Accordion Effect

On Saturday night the local Greek hall held an event. The sound of the piano accordion reminded me of the theory we developed in San Francisco in the early 1990’s about how CRE tenants moved in and out of the Financial District (CBD) office market. When...

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